Performance of Dena Bank among others

Dena Bank is an Indian commercial bank based in Mumbai. The bank was established by the Devkaran Nanjee family on the 26th of May, 1938. At the time of establishment, its name was Devkaran Nanjee Banking Company Ltd. Then after, the banking Compnay was incorporated as a Public Ltd. In December 1939, changing its name to Dena Bank Ltd. The bank was nationalized by the Government of India along with 13 other commercial banks in the year 1969. Dena Bank DB gives a range of banking and financial services in India. Saving, current, and senior citizens accounts, as well as fixed, recurring and loan linked recurring deposits and minor savings schemes are the deposits product of the company.

The services offered by the bank are Dean Cards, online remittance, multi city cheque, any branch banking, internet banking, value added service, mobile banking, tele banking, ATMs and online utility bill activities of service, trading and manufacturing. Dena bank operates by 1160 branches and 316 ATMs. Dena bank has shown a performance which is in line with the industry performance. The bank is a strong player in the state of Gujarat, Maharashtra and MP and has a very good reach in terms of branch networks. Its cost of deposit is one of the lowest in the industry. The bank is basically a public sector entity with a majority stake on the govt.

The bank is headquartered at Mumbai in Maharashtra, India. The company reported revenues of (Rupee) INR 34,475.00 million during the fiscal year ended March 2009, an increase of 28.84% over 2008. The operating profit of the company was INR 10,644.30 million during the fiscal year 2009, an increase of 23.95% over 2008. The net profit of the company was INR 4,266.60 million during the fiscal year 2009, an increase of 17.47% over 2008. 100% branches of the bank have been fully computerized, and the bank has established its own network called DENANET to ensure seamless connectivity and smooth workflow all the way through its baking process. Dena bank gives a host of Regular Banking Service to its customers, including Personal Banking Services comprising of Deposit, Loan and investment services.

Government Bank in India

1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab and Sind Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank